Final Accounts and Concept of Trading Questions and Answers

Suppose you want to have $700,000 for retirement in 35 years. Your account earns 5% interest. Round your answers to the nearest cent.
a) How much would you need to deposit in the account each month?
b) How much interest will you earn?
Accounting
Final Accounts and Concept of Trading
Suppose you want to have $700,000 for retirement in 35 years. Your account earns 5% interest. Round your answers to the nearest cent. a) How much would you need to deposit in the account each month? b) How much interest will you earn?
1